Federal Signal’s (FSS) “Outperform” Rating Reiterated at Raymond James

Raymond James restated their outperform rating on shares of Federal Signal (NYSE:FSS) in a research report released on Tuesday morning, MarketBeat Ratings reports. The brokerage currently has a $110.00 target price on the conglomerate’s stock.

A number of other research firms also recently weighed in on FSS. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. DA Davidson dropped their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th.

Federal Signal Price Performance

Shares of FSS stock opened at $94.01 on Tuesday. Federal Signal has a 52 week low of $71.29 and a 52 week high of $102.18. The stock has a market capitalization of $5.74 billion, a PE ratio of 27.25 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The stock’s fifty day moving average is $91.95 and its 200-day moving average is $90.91.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. Equities research analysts expect that Federal Signal will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

Institutional Trading of Federal Signal

A number of large investors have recently made changes to their positions in FSS. Federated Hermes Inc. lifted its holdings in Federal Signal by 0.6% during the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after acquiring an additional 121 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after purchasing an additional 169 shares in the last quarter. Xponance Inc. grew its position in shares of Federal Signal by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock valued at $319,000 after purchasing an additional 178 shares during the period. Quarry LP increased its stake in Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 183 shares in the last quarter. Finally, Raymond James Trust N.A. raised its holdings in Federal Signal by 7.7% during the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock worth $284,000 after buying an additional 216 shares during the period. Institutional investors own 92.73% of the company’s stock.

Federal Signal Company Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.